Saturday, April 7, 2012

Does family support in Entrepreneurship??


One of the most unfortunate – and most common- situations that young entrepreneurs face is a family that’s not supportive. While your friendships can be replaced, however reluctantly, your family cannot. Living with (literally or not) parents or siblings who do not understand, or simply refuse to support your entrepreneurial aspirations, can often be the breaking point for many early-stage entrepreneurs.
Here are some questions to ask yourself:
§  What is their real reason for not supporting you?
§  Are they unclear about what you’re doing?
§  Have they been saving money for the past 20 years to send you to med school?
§  Have they failed at an entrepreneurial attempt themselves?
§  Do they know of others who have?
§  Do they doubt your ability, due to age, lack of experience, or preconceived notions about what they think you can or can’t do?

It’s very important to put your own feelings aside for a moment and look at your situation objectively. Once you understand the underlying reasons, face the pessimists directly with a loving confrontation or a plea for understanding.
Once you understand your family’s motivations, the next thing to do is launch your own family PR campaign. No, this is not a joke. Anyone who has ever been in this horrible situation knows how difficult these circumstances can be. Hopefully, the following suggestions will help you over come any bad family vibes that you may be receiving.
§   Bring your success stories home with you. Send you family copies of client letters or emails that praise your work.  Show them a customer’s check for payment. Share any articles about your company for the media with them. Tack them up on the refrigerator or bulletin board – somewhere visible to everyone in the house.
§      Let them know how happy your business makes you. Seeing you their children happy and actively pursuing goals will usually make any parent happy.
§   Discuss your endeavor with their friends who understand business, have children who are not enterprising, or just simply like you. Once they show interest and understanding for you and your business venture, mention that you wish your parents felt the same way. (This works with relatives too.) They’ll feel so badly for you that they might just take up the issue with your family themselves. Let other people put a little pressure on your family to cut you some slack and show you the respect you deserve for what you are doing. Unfortunately, friends or respected peers are often more likely to recognize your achievements publicly than your family is. Despite how close you might be, it’s not uncommon for people to need outside opinions to really open up their perspective – particularly about their own children.
§      Be sure to avoid neglecting family responsibilities because of your business, whether they involve family gatherings or doing the dishes. Be your own person, your own boss – but do your best to show your family that they still hold an important place in your life.
§       Find the most nurturing and supportive person in your family – your mother, father, brother, grandmother – whoever is most sympathetic to your overall happiness. The more people you get on your side, the better.
§   Collect a few stories about people who created successful companies. Whether it is the corner grocer or one of the entrepreneurial giants, know their stories well, particularly the vital facts: How old they were when they started, their experience, their family’s support (or lack of), their resources, and current success markers (sales, employees, clients, etc.).
§   Avoid sharing business problems or frustrations with them. If they really aren’t supportive of your venture, your mishaps will only fuel their desire to intervene further, or proclaim that they “told you so.”
§       Show them that you have researched your business and have a clear understanding of your options, environment, and chances of success. If you are uncertain about your chances, be honest with them and tell them that despite your own doubts you feel that the experience will be well worth any potential failure. After all, the best way entrepreneurs learn about business is by being in business.
§   Be someone that not only they, but you yourself, can be proud of.

And then you would be what you want to be....

What makes an Entrepreneur ??


The two elements are very common in the Entrepreneurial world. Time and money; time and money; time and money! This is all entrepreneurs hear!

You have to invest a lot of time and money to make your business work!
 I do not entirely agree with that common statement, but there is some truth to it. The point is, we as new entrepreneurs need to (at the risk of promoting a clich) THINK OUTSIDE THE BOX.

Honey, you would be thinking, WHATS THE POINT? GET TO THE POINT!!

 The point, my fellow business community members, is that if you/me/us/we ONLY invest time and money into a project, we are extremely limited in our choice of investment. The entire premise of being an entrepreneur is that we do not fall in line; we do not conform to the conventional; and we break boundaries and borders in order to pioneer an idea, product, or state of mind!


It all comes down to two things, Having an idea and executing it.

Last week I met a group of kids and asked them what they thought an entrepreneur was. Some said "Risk Taker", "Runs their own Business", "Business Owner", etc…But one answer stood out – "They Make Things Happen."

At the end of the day the one thing entrepreneurs all have in common is the ability to make things happen. From selling Groceries online (an indication to my new venture) to imparting training online; Born or Made – It all comes back to the drive and ambition required to make things happen.

I want to finish by getting back to what we were really talking about here – I think that entrepreneurs can be both products of circumstance (made) and can be the kind of person who just WANTS that life (born).


Doing the Dont's....

Whenever I meet someone in my family or friends, the toughest question to answer is what am I doing.
What i do is try to pave my way out or explain them that I am working on something online...

"You might call me an Enterpreneur", and they say WHAT ?? You dont have a job ?

My answer is (which I never throw) : Dude, I am not someone who sends my CV to a company's HR, but I send my Business Model to the company's business head to shake hands.

I always believe that " “The road is not about the mere destinations.. It is also about the halts we should stop and explore! “


Its not a proverb by some big management guru, its just what i feel, and follow in my life....


I am not a theoretical driven or principal driven person, I am rather a person who is experience driven.. My thoughts and actions are more or less affected by the experience of my life....